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Use the Following Figure to Answer the Following Questions

Question 52

Multiple Choice

Use the following figure to answer the following questions :
Use the following figure to answer the following questions : -Suppose the government sets a price ceiling of $50 in this market. What is the minimum level of deadweight loss with the price ceiling? A) 7,500 B) 3,750 C) 1,875 D) 937.50
-Suppose the government sets a price ceiling of $50 in this market. What is the minimum level of deadweight loss with the price ceiling?


A) 7,500
B) 3,750
C) 1,875
D) 937.50

Correct Answer:

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